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will be closely watching for that statement. do you expect there will be any major changes there, larry? > > i don't expect any changes. we have heard a lot and seen a lot of bernanke lately, and today he has three chances to say something. however, i do think we are going to be looking for detail on what is more important to the fed: an expanding balance sheet, or withdrawing or withholding too early? > and i think we would be remiss if we didn't note that the president will be travelling to israel. what will the markets expect from that trip, if anything at all? > > i don't think the market's really building in any sort of expectations given the amount of numbers, the fomc, cyprus going on, really, it just seems not to be a game-changer at this point. > thank you very much. that is larry shover of sfg alternatives. herding cats may be easier than predicting the outcome of what is repeatedly called "a fluid situation," otherwise known as "cyprus." our cover story explores some of the options left after that country's parliment on tuesday rejected a bailout deal that many say would've been no deal
not consulted about the change. the head of the association representing air marshalls says of tsa officials "they act like everybody on the back side of that cockpit door is disposable." "i don't agree with the knife part. sports equipment is ok." the list of what will be allowed includes: small folding pocket knives 2.36 inches long, corkscrews, small novelty bats shorter than 24 inches, ski poles, hockey and lacrosse sticks, billiard cues and two golf clubs. "i think tsa is trying to increase profiling and moving away from nickel and dime things but knives--that's surprising how quick this came." a coalition of 90-thousand flight attendants want the white house to intervene. but there are supporters of the t-s-a's decision and they include the airline pilots association and airline consultant bob herbst,"the tsa is more of a 'dog-and-pony show' than real security." "the tsa's job is to protect the cockpit and the aircraft." a spokeswoman for the t-s-a said there are no plans to review easing carry-on restrictions. meanwhile, razor blades, box cutters and full-size baseball bats must still
story: taste test: how food companies are using wild new flavors to appeal to a changing palette. plus, is our method of teaching outdated? a look at the impact technology could have on the way our kids learn. and, sequester expectations: what you need to know if you have money in the markets. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. i'm bill moller. angie's off for a couple of days. in our first look for tuesday, march 5th: wasn't sequestration supposed to bring widespread suffering & chaos? we're beginning day 3 of trading and the markets seem to have hardly noticed. what they're worried about is china. more on that in a moment with our trader. and about that china thing. it has all the makings of a bubble. china's runaway growth may soon run into a wall - a construction wall from the biggest building boom in history. dozens of new cities & thousands of gleaming towers, all empty. there's talk there may be economic ruin for investors. and, when the employment numbers come out this friday, if at least 175,000 jo
the right thing and launched an anti-obesity initiative that looked at changes in marketing, in labeling practices, and their formulations. the problem is whenever one company tries to do the right thing, the competitors will swoop in, and wall street will be there as well. so, i think it is going to take some public accountability where they are holding the companies accountable for things to really change. > and what about other people who say this is america and you can put anything on the marketplace you wish as long as it is within fda standards? > > i was struck by the judge's wording that he felt the bloomberg initiative was arbitrary and capricious, because there is nothing arbitrary about the processed food industry, and especially the soda industry's mission to get us to consume as much as possible. the playing field in the grocery store is anything but level. especially when you get to corner stores and their targeting of children, that is a huge issue for public health. > michael moss. thanks again for joining us. he is with the new york times. thank you. > > thank you. still
is a change of pace for white. she's going from defending wall street firms to serving as prosecutor. david zaring, assistant professor of legal studies at the wharton school of business at the university of pennsylvania, joins us via skype. good morning. great to have you on the show today. > > thanks. happy to be here. > ms. white seems fiesty to us, but some are saying she is too enmeshed with wall street to do this job. what do you have to say? > > i don't think she is to enmeshed to do the job. she is a well-respected former prosecutor. she had a reputation in manhattan as being a pretty fierce united states attorney, which is the job she held before she went to debevoise & plimpton, that fancy law firm where she headed up the white-collar practice. > we recently heard from eric holder, the attorney general, that banks are "too big to jail." will she have any success, or is this job just becoming some sort of figurehead position? > > i don't think she will be kept by big banks. she is used to working with them. she won't be afraid of them and the people who work for them. i think the p
there will be any change in trading volumes on the trading floors? > > i think more muted. being jewish myself, i think a lot of jewish traders and investors take yom kippur and rosh hashanah off a little bit more than passover, so i think there is going to be active trading again. again, being realistic, the market is not going to go straight up. we are going to have bad days here and there. > could be a big short week. good to have you on the show. thank you matt. > > thanks a lot. there's a growing sentiment among companies that outsource a portion of their work - they don't want to be tied to long contracts if the work isn't meeting benchmarks. in our cover story, the undercurrent beneath outsourcing and how it may affect whether jobs are done in-house. a survey by deloitte consulting found companies are seeking more options in outsourcing. in fact, among more than 100 companies in 22 industries, nearly half of them said they'd terminated an outsourcing contract early. "we're not seeing five-, seven-, ten-year contracts, we're seeing 2- and 3-year agreements that are more flexible from the bu
the feel, if you will, is starting to change a bit. > now when you say it is changing, is this more of a traditional - some might even stay healthy - environment to be trading in? > > sure. yes. i think that what we were seeing was somewhat inefficient, if you will; although, again, for anyone who was long, they were certainly enjoying it, and short-sided activity was paying the price, but it wasn't really efficient in terms of that two- sided activity. we are seeing much more two-sided anticipation right now. again, though, as i mentioned, it has been a little bit heavily weighted to the sell side, which is completely unusual for what we are used to seeing, even, for the most part, throughout this whole year. really the last few months have just been about upside activity and all about buy-side activity. so, we are actually seeing some rotational type trade occurring here, and we are seeing some activity, again as i mentioned, across the board, other major markets are starting to take notice. > all right, you have a good final day of the week trading today. > > thank you, you too.
with highs. what you are going to see is a change in news. when the bad news, which has been swept under the carpet here for six months, starts to take effect and give the market some reason to sell, that will be when you will be able to tell that we are actually going to start to correct a little bit. but right now, there is still an underlying bid in the market, and right now bad news is still being ignored, and good news is being celebrated, so we are managing to push higher on a regular basis. > about that news, yesterday the retail news was better than expected. what is your reaction? > > i thought it was good, but you see, the market is now starting to price perfection in. if you go back a few days, we had a good unemployment number we had a good retail number, but the market has had more of a muted response - although it is higher, it is not excitingly higher, and i think the next real excitement will be when news misses and we actually pay attention to the bad news, and then we will start to get a little bit of a sell-off. > what is your trade on oil? all bets are on that we ar
. the market clearly has been establishing areas of value to the upside, and until that changes, basically you are trading opinions. > what do you see in the week ahead? i know we have a fed meeting coming up. > > i think all eyes are going to be on the fed meeting for the most part. the most recent fomc minutes that were released really fueled this market right now. i'm talking about fuel for the dollar - we saw the dollar convincingly get above that 80- even level, and this last week, just recently, touched off the 83-even level. friday it sold off a little bit for the most part, off that 83-even level, but i also think, again, that this is just going to be more fuel for the fire, if you will. the fed has really come out with this very specific stance, it's a wealth effect-type stance, it's a very low- interest-rate environment, and i think that investors feel that the only real value right now, the only real place to put their money, is stocks; and clearly the perception of value is to the upside, otherwise we wouldn't have closed on highs on friday. > ben, have a great trading day. thank y
did not change their spending habits as much. tuning in now to some corporate earnings, friday, two big-name stocks provided a lift to the markets. tiffany sparkled when it reported solid 4th-quarter results as sales in asia picked up, especially for silver jewelry, while darden restaurants also beat the street. revenue was up thanks to some new restaurant locations. however, it did see net income drop due to slower sales at red lobster. the chain has been in heated competition with fast-casual chains that offer quality food for less. darden's stock is up 9% this year. car buyers are taking out longer loans. research from jd power and associates shows a record 32% of car buyers took out 72-month loans, which is 30% more than a year ago. reasons why consumers are taking longer to pay off the big ticket purchase: interest rates are extremely low and car prices are on the rise. the average car purchase is $28,500. ipo stocks are surging. shares of marin software gained more than 40% after its ipo on friday and were going strong. model n shares topped $20 in its first week, but fell to
a robot in between two operators unguarded. so it's a tremendous space savings. you don't have to change any upstream or downstream processes. and it's a tremendous mentary savings. you don't have to invest in a large, six-foot- high safety fence that goes around the robot." since 2008, universal robot, a danish company, has installed 1500 robots in nearly 50 countries including china. but not likely to outsource repetitive electronics work at factories such as foxconn - at least, not yet. "in my eyes, it's probably not quite there yet. there are still some breakthroughs in this type of collaborative robot that need to happen to bring it to that type of level." another development, visual capabilities: the r&d that went into smartphone technology is now being applied to robots. "vision technology is continuing to increase. we are getting into color sensing now. we are getting into using vision systems for inspection, where we can see damaged packages." advancing technology in the workplace has also magnified the job shortage in america. according to researchers at mit, they say during th
of copyright infringement. but as our cover story explains, that may change. it's considered by some a peculiar interpretation of copyright law. the librarian of congress, james billington, determined that "locking cell phones is an essential part of the wireless industry's dominant business model." it prevents us from legally buying one cellphone at a subsidized rate through a carrier and even after the service contract expires taking that phone to another carrier for use later. michael hodel tracks carriers for the financial data firm morningstar. "this is a situation where a technicality has been used to do something it was never intended to do." the obama adminstration says copyright law was never intended to be this restrictive. it's asked the fcc, commerce department and others to look into changing the law. if that happens, some predict the price of cellphones and smartphones may rise quickly. "it is no secret that consumers will pay more for phones, because the carrier isn't going to absorb the cost. they'll front-load the contracts so you'll pay more up-front and the value of the phone
management shakeup at toyota. the biggest change: the appointment of a former gemeral motors executive to its board. also, toyota's u.s. sales chief gets a big promotion. jim lentz will now run the company's north american operations. toyota says it is doing this to give its regional operations more automony. best buy is telling its employees to come on in! the retailer is cutting down on its work-from-home program. yahoo ceo marissa mayer ignited a debate last week when she banned workers at the tech firm from telecommuting. best buy workers must now get approval to work from home. about 4,000 of best buy's employees currently do so. wanna know a great place to work, where you can find peace of mind? work in a hospital. the american psychological association does an annual review of workplaces that provide a high level of mental well-being. on this year's list, of the 4 top places, 3 are in healthcare. hospitals are aware they're full of stress, but they compensate with perks like fexible hours, exercise and meditation programs. you can smoke, but you can't hide. a growing number of companie
that the conditions -- or the situation has changed in a meaningful way, then we may well adjust the pace of purchases in order to keep the level of accommodation consistent with the outlook and, secondly, to help provide the markets with some sense of progress -- how much progress is being made so that it can make better judgments. bernanke avoided commenting. whether he will stay on for another term, only stating he talked to president obama about it "a bit." and regarding cyprus, the fed chair calls the situation "difficult" but not a risk to the u.s. financial system. now onto the situation in cyprus... the country needs $7.5 billion dollars asap. and it might not come from the ecb. yesterday, the european central bank reportedly signaled it's prepared to cut off funding to the mediterranean island -- causing a financial meltdown. a rescue could still come from russia or bank bondholders. cyprus has a supersized banking system often used by russian's to house money. it's a busy week for companies launching their initial public offerings...such as model n-- which rocketed up in value from t
will be poised to benefit from these changes. > raoul sreenivasan from dhl express, thanks so much. > > thank you bill. thank you bill. still ahead, is it time for hedge funds to get outta town? that and more next in traders unplugged. time for traders unplugged on this friday. from the floor of cme group, our pro traders, alan knuckman and andrew keene, are geared up for some frank talk about the market. let's move to topic number one, guys: commodity calm: big banks are experiencing a revenue decline because of commodities. which commodities make money here? > > i think the strategy that should make money even though it's not would be to be short the banks. the banks i've talked about. i don't like their business models at all, but the fact is they continue to go higher. so i am just playing on the side of being flat them. the banks used to make a lot of money on the trading desk and the bond desk and the oil desk. they are not making money on the trading desk, so the good thing would be to be short the banks, but you can not fight this market. > > that is simply because volatility in everythin
. if confirmed by congress, he will likely tackle changes to immigration and minimum wage. one of the first industries outside of government to feel the pain of sequester cuts is travel. after the automatic budget cuts took effect, non- essential travel by federal employees was eliminated. that translates into a loss of at least 30% of the business for some hotels. the faa has also threatened the closing of control towers at smaller airports and longer lines at bigger airports, all due to the automatic sequester cuts. boeing may be losing altitude with customers. spice jet limited, an indian discount carrier that once operated 100% with boeing jets, is considering a full switch to airbus. according to bloomberg news, the decision is based on next generation technology in airbus aircrafts. yesterday, lion air signed a $24-billion deal with airbus rather than boeing. boeing continues to test its troubled dreamliner batteries with hopes of getting its 787s back in the air. the stock continues to trade shy of a 5- year high. despite still working its way through bankruptcy, american airlines p
rate. the wall street journal reports the change would impact half of the current housing market. the carnival cruise company made waves following a series of mishaps, including its "triumph" ship that was adrift in the gulf of mexico for five days. yesterday, the fbi called a death aboard a royal caribbean cruise ship "suspicious." desite the incidents, cruise ships continue to attract passengers and the stocks stay afloat. however, critics, including lawmakers on capitol hill, are becoming concerned as the cruise industry is exempt from federal taxes. "it's also ports and all the infrastructure that the federal government pays for that cruise lines take advantage of, but they're not paying for it, because they don't pay taxes." that was gwynn guilford, who writes for digital magazine quartz. senator jay rockefeller recently sent a letter to carnival's ceo, asking the cruise line to reimburse the coast guard for the $4 million spent rescuing carnival ships and passengers. carnival cruise lines has announced a fleet-wide comprehensive operational review. u.s. regulators propose a
of that disaster for carnival. what are you seeing there? > > we are not seeing really any big changes, nor in bookings, nor prices. right now it is still kind of high season for cruises, and cruises are booking very well right now as we get closer to summer. that is when you are going to see some of the more discounted pricing as the caribbean goes into its off- season. > the consumers are bouncing back from that disaster. good to have you on the show. that is jeanenne tornatore of orbitz. enjoy florida. > > thanks. my pleasure. coming up, how a fluttering airline stock could lead to profits for one trader. chart talk is next. andrew keene, president of keeneonthemarket.com, joins us now for chart talk. good morning on this monday to you as well andrew. what do you think about u.s. airways stock? > > i have been looking at this one for a while, and it has recently had a nice little pullback. on the daily chart, it got down to $12.70, and then it had a big tail on the bottom - big tail means aggressive buying. on friday the stock surged up to $13.95. also we have seen unusual option activit
, that is not enough to move the needle. > optimism is another area that you always poll. is that showing any change? > > so optimism- > i'm guessing not. > > no. that is the reality. it continues to be low. it is at 59% of small business owners are optimistic about the future. and a lot of that is driven, again, back to the original point, by all the uncertainty, this tidal wave of uncertainty around the impact of sequestration, around the debt ceiling that is going to come up, around taxes being back on the table, about the european crisis. > contractors, that is another measure that indicates if they want to hire their own people or not. what is that doing? > > the trend continues to be more contractors in the workforce, and a lot of that has to be a relief valve for small business owners, because you can bring them in on a temporary basis instead of committing to a long-term hire. > all right. michael alter, next month, hoping for better things. thanks so much. > > we can hope. still ahead in traders unplugged, the guys go heavy metal with their views on investing in copper. and coming up later
. in a statement to reuters, a spokeswoman says the pricetags on merchandise are being changed this month and should be done in the next few weeks. the retailer lost customers last year after ceo ron johnson said such discounts cheapen the brand. mark zuckerberg is delving further into politics. the wall street journal is reporting the facebook ceo will help launch a political advocacy group. zuckerberg and other leaders of the tech industry plan to push legislation, including immigration reform. linkedin founder reid hoffman is also said to be onboard. last month, the zuck hosted a political fundraiser for new jersey governor chris christie. a growing number of american women are praying they won't wind up as bag ladies. according to a report, despite making strides in the workforce, 6 in 10 women say they are the breadwinners in the family. 49% fear becoming homeless. 27% of women earning more than $200,000 are still afraid of growing old penniless. one other study finds the wage gap between men and women is stuck, leaving the average female earning 23% less than her male counterparts.
Search Results 0 to 19 of about 20